货币市场日报：11月6日

Core Points - The People's Bank of China conducted a 928 billion yuan reverse repurchase operation with a rate of 1.40%, maintaining the previous level, while 3,426 billion yuan of reverse repos matured, resulting in a net withdrawal of 2,498 billion yuan from the open market [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments showed slight declines, with overnight Shibor down by 0.20 basis points to 1.3130%, and 7-day Shibor down by 0.20 basis points to 1.4210% [1][2] - The interbank pledged repo market saw a slight increase in overnight rates, while 14-day rates experienced a minor decline, with weighted average rates for DR001 and R001 rising by 0.2 basis points and 0.1 basis points, respectively [4] Market Conditions - The funding environment on November 6 was balanced, with ample supply, as major banks lent funds early in the day, leading to a stable funding rate throughout the session [9] - A total of 104 interbank certificates of deposit were issued, amounting to 141.43 billion yuan, with trading sentiment in the primary market affected by recent bond price declines [10] - The issuance of sovereign bonds by the Agricultural Bank of China in Hong Kong totaled 4 billion USD, with 3-year and 5-year bonds issued at rates of 3.646% and 3.787%, respectively [12]